Government has deployed a range of complementary and integrated measures to grow the economy and create jobs. The latest Industrial Policy Action Plan (IPAP) 2014/15 – 2016/17 is one of the key pillars of this broader approach. It builds on the National Industrial Policy Framework (NIPF) and represents the sixth annual iteration of the first IPAP launched in the 2007/08 financial year.
Each year, the dti launches a revised three-year rolling IPAP with a 10-year outlook in a context of rapid economic change and significant global uncertainty. This has proved to be a robust formula, which allows continual scaling up of interventions and sufficient flexibility to respond to change. Just as many of today’s successful industrial firms have built up their capacities through a process of learning by doing, the latest version of IPAP clearly demonstrates the dti’s commitment to constantly refine and improve on the design and implementation of its industrial policy.
IPAP 2014/15- 2016/17 is the product of careful analysis of the latest trends in the global and regional industrial policy space and a result of the continuous search for optimal policy coherence within Government, between government departments and across a full range of stakeholders and social partners.